Chengdu Fusen Noble-House Industrial Co (002818) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 8.4B CNY
Fair value as of: Jul 22, 2026
From 23 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from ¥15.07 to ¥13.86 (−8.0%) since Jun 25, 2026. Share price +2.9% over the past month.
A strong business, screening 29% undervalued on our models.
What matters now
- The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict.
- Our model range runs from ¥10.50 (bear) to ¥17.22 (bull), base ¥13.86. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 77/100 (high quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range ¥7.90 – ¥13.43 · fair‑value band ¥10.50 – ¥17.22 · the ¥10.73 price screens below the ¥13.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Chengdu Fusen Noble-House Industrial Co (002818) currently trades at ¥10.73, while our model-based Fair Value estimate is ¥13.86, implying the stock looks roughly 29.2% undervalued today. The Quality Score stands at 77/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Chengdu Fusen Noble-House Industrial Co generated revenue of 1.1B CNY at a net margin of 70.5%. Revenue declined 21.7% year over year. It earns a return on equity of 18.1%. The balance sheet holds a net cash position of 314M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥10.50 (bear case) to ¥17.22 (bull case); at ¥10.73, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 29%, 002818 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: Growth DCF (¥21.51) versus Asset-Based (¥5.00). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Chengdu Fusen Noble-House Industrial Co.,Ltd. engages in the home furnishing business in China. The company is involved in decorative building materials and home furnishing through operation of furniture stores business. It also operates pan-home platform related services, as well as offers financial services.
Full company description
Chengdu Fusen Noble-House Industrial Co.,Ltd. engages in the home furnishing business in China. The company is involved in decorative building materials and home furnishing through operation of furniture stores business. It also operates pan-home platform related services, as well as offers financial services. The company was founded in 2000 and is headquartered in Chengdu, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Chengdu Fusen Noble-House Industrial Co reported revenue of ¥1.2B in FY2025 versus ¥1.5B in FY2021, a compound −6.0%/yr. Reported net income was ¥555M in FY2025, compounding −11.8%/yr from FY2021.
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Peer Group
Furnishings, Fixtures & Appliances · 311 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Midea Group 000333 | ¥82.71 | ¥107.22 | +30% |
| Gree Electric Appliances, Inc 000651 | ¥38.25 | ¥88.02 | +130% |
| Haier Smart Home Co 600690 | ¥21.46 | ¥36.04 | +68% |
| King Slide Works Co 2059 | 8,655 TWD | 1,917 TWD | -78% |
| Guangdong Songfa Ceramics Co 603268 | ¥155.59 | ¥38.95 | -75% |
| SharkNinja, Inc SN | $154.53 | $89.07 | -42% |
| Hisense Home Appliances Group 000921 | ¥26.33 | ¥48.03 | +82% |
| Zhejiang Supor Co 002032 | ¥43.85 | ¥44.84 | +2% |
| COWAY Co 021240 | 96,700 KRW | 112,530 KRW | +16% |
| Ecovacs Robotics Co 603486 | ¥50.13 | ¥54.11 | +8% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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